National Retail Properties (NNN) Shares Sold by Cipher Capital LP

Cipher Capital LP trimmed its holdings in shares of National Retail Properties (NYSE:NNN) by 9.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,800 shares of the real estate investment trust’s stock after selling 11,466 shares during the period. Cipher Capital LP owned approximately 0.07% of National Retail Properties worth $4,574,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of National Retail Properties by 5.2% during the 2nd quarter. BlackRock Inc. now owns 18,622,086 shares of the real estate investment trust’s stock worth $728,123,000 after buying an additional 928,820 shares in the last quarter. State Street Corp boosted its holdings in shares of National Retail Properties by 1.5% during the 2nd quarter. State Street Corp now owns 12,427,839 shares of the real estate investment trust’s stock worth $485,929,000 after buying an additional 184,603 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of National Retail Properties by 6.7% during the 2nd quarter. Royal Bank of Canada now owns 4,030,446 shares of the real estate investment trust’s stock worth $157,592,000 after buying an additional 254,477 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of National Retail Properties by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,025,462 shares of the real estate investment trust’s stock worth $167,700,000 after buying an additional 114,800 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of National Retail Properties by 2.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,723,155 shares of the real estate investment trust’s stock worth $145,575,000 after buying an additional 95,072 shares in the last quarter. Hedge funds and other institutional investors own 87.57% of the company’s stock.

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Shares of National Retail Properties (NYSE:NNN) traded up $0.27 on Friday, hitting $42.54. The company had a trading volume of 791,301 shares, compared to its average volume of 1,098,219. National Retail Properties has a 12 month low of $36.45 and a 12 month high of $46.34. The company has a current ratio of 7.66, a quick ratio of 7.66 and a debt-to-equity ratio of 0.86. The company has a market cap of $6,430.00, a PE ratio of 16.88, a P/E/G ratio of 3.49 and a beta of 0.40.

National Retail Properties (NYSE:NNN) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. National Retail Properties had a return on equity of 8.47% and a net margin of 44.96%. The company had revenue of $147.71 million for the quarter, compared to analysts’ expectations of $146.57 million. During the same period last year, the business earned $0.61 EPS. National Retail Properties’s quarterly revenue was up 9.8% compared to the same quarter last year. analysts anticipate that National Retail Properties will post 2.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Monday, October 30th. National Retail Properties’s payout ratio is currently 155.74%.

A number of equities analysts recently issued reports on the company. B. Riley set a $52.00 target price on National Retail Properties and gave the stock a “buy” rating in a report on Tuesday. UBS AG upgraded National Retail Properties from a “sell” rating to a “neutral” rating and increased their target price for the stock from $36.00 to $42.00 in a report on Thursday, November 9th. Zacks Investment Research cut National Retail Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of National Retail Properties in a report on Thursday, November 2nd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $46.00 target price on shares of National Retail Properties in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $47.71.

In related news, insider Julian E. Whitehurst sold 17,413 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $41.46, for a total value of $721,942.98. Following the completion of the sale, the insider now directly owns 294,826 shares of the company’s stock, valued at approximately $12,223,485.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 817,413 shares of company stock valued at $756,943 over the last three months. 1.03% of the stock is currently owned by insiders.

National Retail Properties Profile

National Retail Properties, Inc is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. As of December 31, 2016, it owned 2,535 properties with an aggregate gross leasable area of approximately 27,204,000 square feet, located in 48 states.

Institutional Ownership by Quarter for National Retail Properties (NYSE:NNN)

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